Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group LLC in a research report issued on Tuesday. They currently have a $7.00 target price on the stock. Jefferies Group LLC’s target price would indicate a potential downside of 11.05% from the stock’s previous close.

CYH has been the topic of several other reports. Morgan Stanley assumed coverage on Community Health Systems in a research report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price target on the stock. Piper Jaffray Companies reiterated a “sell” rating and issued a $9.00 price objective on shares of Community Health Systems in a report on Wednesday, July 26th. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Deutsche Bank AG dropped their price objective on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. Finally, UBS AG reiterated a “neutral” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Community Health Systems in a report on Wednesday, August 23rd. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. Community Health Systems currently has an average rating of “Hold” and an average target price of $7.84.

Community Health Systems (NYSE:CYH) opened at 7.87 on Tuesday. The company has a 50 day moving average price of $7.61 and a 200-day moving average price of $8.73. The firm’s market capitalization is $880.93 million. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.28.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.31. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. Community Health Systems’s revenue was down 9.7% compared to the same quarter last year. On average, analysts forecast that Community Health Systems will post ($0.31) EPS for the current fiscal year.

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In related news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of the stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. Alps Advisors Inc. purchased a new position in Community Health Systems during the second quarter valued at $107,000. Shelton Capital Management purchased a new position in Community Health Systems during the second quarter valued at $110,000. World Asset Management Inc raised its stake in Community Health Systems by 3.2% during the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock valued at $110,000 after buying an additional 387 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Community Health Systems by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock valued at $111,000 after buying an additional 270 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Community Health Systems during the second quarter valued at $126,000. Institutional investors and hedge funds own 94.71% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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